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  • January 2022
  • Background Note
  • HBS Case Collection

The Florange Law: Encouraging Long-Termism in Equity Markets?

By: Charles C.Y. Wang and Tonia Labruyere
  • Format:Print
  • | Language:English
  • | Pages:12
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Abstract

This note provides background information on a French law (“the Florange law”) passed in 2014 that the French government said would encourage long-term shareholdings. The note describes the law, what led to it, the reactions it evoked, and similar initiatives in other European countries. The note also provides examples of what the application of the Florange law looked like in the real world and how companies and their shareholders were impacted by it.

Keywords

Equity; Financial Markets; Investment Activism; Institutional Investing; Corporate Governance; Policy; Rights; Laws and Statutes; Business and Government Relations; Accounting Industry; France

Citation

Wang, Charles C.Y., and Tonia Labruyere. "The Florange Law: Encouraging Long-Termism in Equity Markets?" Harvard Business School Background Note 122-065, January 2022.
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About The Author

Charles C.Y. Wang

Accounting and Management
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More from the Authors
  • Navya: Steering Toward a Driverless Future By: Julian De Freitas, Elie Ofek, Shaun Ingledew and Tonia Labruyere
  • The Virtues of Stock Buybacks By: Jesse M. Fried and Charles C.Y. Wang
  • Worten Portugal: Becoming a Digital Marketplace By: Antonio Moreno, Pedro Amorim and Tonia Labruyere
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